by Johan Kriek (jkriek@fxinstructor.com

Key events for European session:

UK CPI @ 09:30 GMT

UK House Prices @ 09:30 GMT

EU ZEW Survey @ 10:00 GMT

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4665

Bullish Probability above: 1.4665

Significant resistance: 1.4665, 1.4820, 1.4940

Significant support:1.4480

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6353

Bullish Probability above: 1.6353

Significant resistance: 1.6308, 1.6353, 1.6517

Significant support:1.6210

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9158

Bullish Probability above: 0.9158

Significant resistance: 0.9158, 0.9255

Significant support:0.9080

Direction of  Highest Probability: BULLISH

60 minute trend support: 88.60

Bearish Probability below: 88.60

Significant support: 88.60, 84.78

Significant resistance:90.16

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This analysis has been based on the Probability Study Technique which is derived from the Dow Theory

Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.

Enjoy and good luck!

Johan